Jefferies Reiterates Hold Rating on Fiserv (FI), Keeps PT

On June 2, Jefferies analysts maintained a ‘Hold’ rating on Fiserv, Inc. (NYSE:FI) and kept the $165 price target. The bullish stance comes on the heels of the company’s small and medium-sized business (SMB) index experiencing a slight deceleration in performance.

A financial adviser in a suit talking with a senior client about their life insurance policy.

The index experienced a 1% point decline in April. However, accounting for the Easter Holiday impact, it remained stable month over month. The restaurant sector recorded 2% point acceleration during the month, outperforming month-over-month trends by 4% points. The retail sector recorded a 1.5% decrease, underperforming month-over-month patterns by 1%.

On a quarter-to-quarter basis, the small and medium-sized business index is tracking a 1% point deceleration from the first quarter. Amid the fluctuations, analysts at Jefferies remain optimistic in assessing Fiserv’s position in the payment market. On the other hand, analysts at UBS remain confident of Fiserv’s growth strategy, achieving $4.5 billion in revenue in 2025. International expansion and partnerships are some of the factors expected to contribute to the significant growth.

Fiserv is a technology company that provides financial services solutions to financial institutions, businesses, and consumers. It enables money movement and information sharing through various technologies, including account processing, digital banking, card issuer processing, and payments.

While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.